Tell us a little about your role.

I work as a business preservation consultant in the financial services industry.

What are your top three expenses every month?

School fees, rent and my car instalment.

What else are you spending on every month?

Developing myself professionally because I perceive myself as an income-generating asset. I want to better provide for my children later.

How are you planning for your children’s future education?

I am not saving money for them at the moment. My children were unplanned, which means I was financially unprepared. I do have life cover, however.

Share your life plan for the next five years.

My plans are to complete my international diploma in professional coaching so that I can establish my own consulting firm to help companies realise their profit margins by coaching their sales force. I’d also like to create an organisation that will focus on combating the adverse effects of fatherlessness in South Africa by equipping single mothers with the skills and resources to raise secure and healthy children.

What money lessons are you teaching your kids?

That money is a medium of exchange. I teach them that you need to work for your money. My six-year-old sells sweets to houses in our complex. Her business is called Esihle’s Sweet Factory, so she is learning to make money for herself. I shy away from fairy tales and equip them with real life skills so that the transition from childhood to adulthood is easier.

How do you spend quality time with your kids, without over-spending?

We play board games at home or go for a picnic at James and Ethel Park. We also love the theme park, Gold Reef City.

Liberty certified financial adviser Palesa Tlholoe offers Ntobeng tips so she can tweak her finances.

On her cover

Firstly, it’s important to recognise that Ntobeng is on the right path because she is investing in life cover, which we consider one of the basics before you start worrying about investing. This is because you never know when unfortunate events will happen.

On saving her income

Whilst she’s taking care of the basics, it’s important to have short-term savings or an emergency fund. This will assist her if something unexpected happens that could threaten her family’s financial well-being. This savings/emergency fund can also be used to pay premiums for the very same life cover she has in case she cannot pay. For instance, an unexpected loss of work, or unexpected house or car expenses can leave your family with very little to survive on for a few months due to the inability to meet your usual monthly expenses.

On her children’s future

The education sector has one of the highest inflation rates in South Africa, making it very important for Ntobeng to start saving towards her children’s education as early as possible. We normally talk about goal-based investing, and education is one of the most important goals she needs to look into, especially since she has two young daughters. Starting early will allow her to start small and grow funds over time.

Liberty offers #RealLifeAdvice for women of all ages.

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